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    <title>2022 (1) TMI 213 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , CHENNAI</title>
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    <description>The Tribunal upheld the Adjudicating Authority&#039;s decision, affirming the Committee of Creditors&#039; power to assess the eligibility of resolution applicants under Section 29A of the Insolvency and Bankruptcy Code. The appeal was dismissed, confirming the COC&#039;s authority to consider and approve resolution plans, including reevaluating the eligibility of the 3rd Respondent and reviewing its revised resolution plan.</description>
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      <description>The Tribunal upheld the Adjudicating Authority&#039;s decision, affirming the Committee of Creditors&#039; power to assess the eligibility of resolution applicants under Section 29A of the Insolvency and Bankruptcy Code. The appeal was dismissed, confirming the COC&#039;s authority to consider and approve resolution plans, including reevaluating the eligibility of the 3rd Respondent and reviewing its revised resolution plan.</description>
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